Tesla stock rose early Monday after failing to end its weekly losing streak on Friday.
New sales data could make or break this week’s holiday-shortened trading.
Shares of the electric vehicle maker were up 0.4% at $363.19, while S&P 500 and Dow Jones Industrial Average were up about 0.2% and 0.6%, respectively.
Tesla stock dropped 2.8% on Friday, falling with most stocks, which left it down 1.7% for the week, the sixth consecutive weekly drop. Shares are down about 13% over that span, leaving them down about 20% year to date.
The week of Tesla’s better-than-expected fourth-quarter earnings report was the start of the downward streak. The company announced earnings per share of 50 cents. Wall Street was looking for 43 cents, according to FactSet. Still, that was down from 73 cents a share earned in the fourth quarter of 2024.
Investors might be waiting for earnings growth to return. Higher EV sales could help. For the first quarter, Wall Street projects sales of about 366,000 vehicles, up from 337,000 a year ago. Better sales should boost first-quarter 2026 earnings. Analysts project earnings per share of 41 cents, up from 27 cents a year ago.
Tesla is slated to report delivery results on Thursday, ahead of the Good Friday holiday.
Beyond EV sales, investors will be looking for progress on Tesla’s AI efforts, including robo-taxis and robots. Tesla launched a robo-taxi service in Austin, Texas, in June and is expected to expand to more cities in the first half of 2026. Tesla is also expected to show off the third generation of its humanoid robot, Optimus, in the coming weeks.
Investors might have to wait until the first-quarter conference call, typically about three weeks after the delivery report, to get an update on those topics.
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